AI coding startup Cognition reportedly already in talks to raise at $40B valuation
TechCrunch
AI coding startup Cognition is reportedly in talks to raise new funding at a valuation of at least $40 billion.Summary
Cognition, the creator of the AI coding agent Devin, is reportedly in discussions with investors to secure a new funding round at a valuation of at least $40 billion. This potential milestone comes shortly after the company raised $1 billion at a $26 billion valuation in May, driven by rapid enterprise adoption and a growing annualized revenue run rate. CEO Scott Wu noted that Devin is designed to handle repetitive tasks for engineers—such as legacy software updates—rather than replacing human programmers, attracting major enterprise clients like Mercedes-Benz, NASA, and Goldman Sachs.
(Source：TechCrunch)